By Aditya Soni (Reuters) – Meta Platforms Inc is a Wall Street darling again. The company’s shares extended their winning streak on Thursday, surging nearly 14% after Meta’s focus on AI and cost-cutting cheered investors whose enthusiasm has already helped the social media behemoth nearly double in value in 2023. Meta, whose stock was trading…
By Matt McKnight (Reuters) – As wildfire season approaches, U.S. officials along the West Coast are working hard to mitigate risks with prescribed burns, while a widespread educational campaign is underway to create buffers around fire-prone homes. In Washington state, Department of Natural Resources Commissioner Hillary Franz is working on reversing negative perceptions surrounding prescribed…
By Rajesh Kumar Singh CHICAGO (Reuters) -U.S. carriers expect strong profit in the current quarter as travel spending remains strong, but delays in aircraft deliveries and staffing shortages are hampering their efforts to fully capitalize on consumer demand. Several U.S. operators including American Airlines and Southwest Airlines noted that delays in Boeing’s aircraft deliveries could…
(Reuters) -Shares of Mobileye Global Inc fell by more than 30% on Thursday after the maker of autonomous driving technology lowered its forecast for annual revenue owing to a slowdown in demand for electric vehicles from China. Mobileye, which counts auto parts suppliers Aptiv Plc and Magna International among its customers, reduced its forecast for…
(Reuters) -Johnson & Johnson said on Thursday it has agreed to retain all talc-related liabilities arising from litigation in the United States and Canada and will “indemnify” newly formed consumer health unit Kenvue for all costs. The statement comes after the Financial Times reported earlier in the day that Kenvue had been named in claims…
By Mahamat Ramadane N’DJAMENA (Reuters) – The head of the United Nations’ World Food Programme (WFP) in Chad said it expects to see more refugees fleeing across the border from Sudan to escape the fighting between the army and the paramilitary Rapid Support Forces. Around 10,000 to 20,000 Sudanese have already crossed the border into…
By Kannaki Deka (Reuters) -Harley-Davidson Inc on Thursday reported better-than-expected first-quarter results even as retail sales in North America fell, indicating a softness in demand in the motorcycle maker’s largest market due to inflationary pressures. Shares of Harley-Davidson were down about 3% in afternoon trade as first-quarter retail sales in North America fell 17%. The…
By Tom Westbrook SINGAPORE (Reuters) – China’s yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar. In the past day alone, data showed that more cross-border transactions with China were settled in yuan in March…
By James Oliphant and Alexandra Ulmer (Reuters) -In his face-off with Walt Disney Co, Florida Governor Ron DeSantis has frequently adopted the pose of a swaggering gunfighter out of the Wild West. “There’s a new sheriff in town,” DeSantis boasts to conservative audiences nationwide as he prepares to launch his 2024 presidential bid. The flex…
By Siddarth S and Manya Saini (Reuters) – Mastercard Inc beat estimates for quarterly profit as consumer spending surged against a turbulent economy, but the card company’s disclosure of a probe by the U.S. Justice Department unnerved investors. The regulator has demanded that Mastercard provide documents tied to its U.S. debit program and competition with…
